Financials and Investment: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

China Willing to Import Gas from Iran

Source: www.gulfoilandgas.com 10/15/2011, Location: Asia

Share |

Managing director of the National Iranian Gas Export Company (NIGEC), Hossein Bidarmaghz says Pakistan wants to transit Iran's gas and China is eager to import it.

He went on to say that, China's need to natural gas and LNG would be equal Europe's consumption by the end of 2030 adding Iran benefits relative advantage in gas exports in comparison to its rivals Qatar and Russia due to its geographical position that is located between two consumption markets, China and Europe, Iran's SHANA news agency reported.

On the other hand, India will turn into biggest gas consumption in Asia in the future, the official said.

He noted that extending Iran-Pakistan's gas pipeline to China was one of the options for exporting gas adding Iranís delegation will raise the issue during the scheduled visit to China.

Elsewhere in his remarks, he said gas production and consumption now equal in the UAE, it meets part of its energy needs from Qatar in the pipeline and LNG forms adding the country prefer to purchase gas from Iran due to short distance between the two countries.

Beside UAE, Iran has presented its technical and economical proposals related to gas exports to Bahrain and Kuwait waiting for their reply, he concluded.

Financials and Investment News in Iran >>

Forecast for 2015 of Balance Supply and Demand
Austria >>  1/22/2015 - The demand for OPEC crude in 2015 was also revised down by 0.1 mb/d to stand at 28.8 mb/d, which is 0.3 mb/d less than the estimated 2014 level. The f...
Gazprom & Intesa Sanpaolo Group Sign Agreement Worth EUR 350 million
  Russia >>  1/22/2015 - Gazprom and Intesa Sanpaolo Group signed in Milan a loan agreement worth EUR 350 million. ...

Roxi Petroleum's Drawdown Under the $40 Million Equity Facility
  Kazakhstan >>  1/20/2015 - Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, has updated the market with news it has called down a further $2.0 m...
Naftogaz of Ukraine Should Pay Off Its Debt to Gazprom
  Ukraine >>  1/20/2015 - A working meeting among Russian Prime Minister Dmitry Medvedev, Russian Energy Minister Alexander Novak and Gazpromís Management Committee Chairman Al...

Santos Secures Additional $1 Billion Bilateral Bank Facility
  Australia >>  1/19/2015 - Santos announced that it had secured an additional 3-year, $1 billion bilateral bank loan facility. ...
Prices of Gasoline and Diesel will be Increased
  Brazil >>  1/19/2015 - Petrobras clarifies that following the Federal Government decision to increase taxation on gasoline and diesel, the prices of these fuels at the refin...



Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |

More News

Oil & Gas Companies in Iran >>

Related Links

Countries Quick Links

AZ BD BN CN GE ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed